Franco-Nevada (TSE:FNV) Price Target Raised to C$177.00 at Canaccord Genuity Group

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price raised by stock analysts at Canaccord Genuity Group from C$168.00 to C$177.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 8.59% from the stock’s current price.

A number of other research analysts have also recently issued reports on FNV. Scotiabank cut their target price on shares of Franco-Nevada from C$141.00 to C$139.00 and set a “sector perform” rating for the company in a research note on Thursday, March 7th. Raymond James reduced their price objective on Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Veritas Investment Research increased their target price on Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. National Bankshares cut their price target on Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating for the company in a report on Thursday, March 7th. Finally, Stifel Nicolaus increased their price objective on shares of Franco-Nevada from C$182.00 to C$196.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$187.50.

Franco-Nevada Stock Performance

Shares of TSE:FNV opened at C$163.00 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 41.21 and a quick ratio of 23.26. The business’s fifty day moving average price is C$155.92 and its two-hundred day moving average price is C$157.08. Franco-Nevada has a fifty-two week low of C$139.19 and a fifty-two week high of C$217.70. The stock has a market capitalization of C$31.33 billion, a price-to-earnings ratio of -48.95, a price-to-earnings-growth ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its earnings results on Tuesday, March 5th. The company reported C$1.23 earnings per share for the quarter, topping the consensus estimate of C$1.07 by C$0.16. Franco-Nevada had a negative net margin of 38.33% and a negative return on equity of 7.65%. The business had revenue of C$412.95 million for the quarter. As a group, analysts predict that Franco-Nevada will post 4.2780116 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Eaun Harrison Gray sold 330 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total transaction of C$51,707.70. In other Franco-Nevada news, Senior Officer Eaun Harrison Gray sold 330 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$156.69, for a total value of C$51,707.70. Also, Director Paul Brink sold 3,445 shares of Franco-Nevada stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total transaction of C$547,513.85. In the last quarter, insiders have sold 16,839 shares of company stock valued at $2,686,396. 0.69% of the stock is currently owned by insiders.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.